{"id":25171,"date":"2022-02-26T13:53:18","date_gmt":"2022-02-26T08:23:18","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-wescare-india-ltd-2021-439-itr-657-mad-hc\/"},"modified":"2022-02-26T13:53:18","modified_gmt":"2022-02-26T08:23:18","slug":"cit-v-wescare-india-ltd-2021-439-itr-657-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-wescare-india-ltd-2021-439-itr-657-mad-hc\/","title":{"rendered":"CIT v. Wescare (India) Ltd. (2021) 439 ITR 657 (Mad.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held the\u00a0\u00a0 sale of certified emission reduction credit, which the assessee had earned on the clean development mechanism in its wind energy operations, is a capital receipt and not taxable. (AY.2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax-Capital or revenue-Sale of  emission reduction credit-Capital receipt. [S. 28(i)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-25171","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6xZ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=25171"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25171\/revisions"}],"predecessor-version":[{"id":25172,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25171\/revisions\/25172"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}